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CYAN Cyanconnode Holdings Plc

8.65
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Cyanconnode Holdings Plc LSE:CYAN London Ordinary Share GB00BF93WP34 ORD 2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 8.65 8.50 8.80 8.65 8.65 8.65 330,451 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electronic Components, Nec 11.73M -2.41M -0.0074 -11.69 28M

CyanConnode Holdings PLC Director/PDMR Shareholding (8824W)

17/11/2017 4:08pm

UK Regulatory


Cyanconnode (LSE:CYAN)
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TIDMCYAN

RNS Number : 8824W

CyanConnode Holdings PLC

17 November 2017

CyanConnode Holdings plc

("CyanConnode" or the "Company")

Director / PDMR Shareholdings

CyanConnode (AIM:CYAN.L), the world leader in narrowband radio mesh networks, announces the cancellation and issue of replacement options to certain directors and employees following a review of executive and employee incentives conducted by the board and the Company's Remuneration Committee.

All EMI share options held by John Cronin, Harry Berry and Simon Smith were cancelled on 17 November 2017 (the "Cancelled Options") and replaced with the same number of new share options, as detailed below, on the same date (the "New Options"). The New Options are being issued with a 20% hurdle to the September 2017 placing price. The Remuneration Committee has taken these steps in order to retain key people and to incentivise individuals across the group (directors and employees) to drive increased shareholder value.

Cancelled Options

 
 Name            Position               Current       Exercise      Per cent. 
                                         number        Price of      of issued 
                                         of Options    current       share 
                                         held          Options       capital 
                                                       (in pence 
                                                       per share) 
--------------  ---------------------  ------------  ------------  ----------- 
 
  John Cronin     Executive Chairman      382,804         60.0 
                                           175,297        84.0 
                                          558,101                   0.44% 
                                       ------------ 
 
 Simon Smith     NED                      210,032        60.0 
                                          130,746         84.0 
                                          255,526         50.0 
                                          596,304                   0.47% 
                                       ------------ 
 
 Harry Berry     Chief Operating          372,944        50.0 
                  Officer 
                                          142,566         43.4 
                                           70,000         28.0 
                                          149,664         37.2 
                                          735,174                   0.58% 
                                       ------------ 
 
 

New Options

 
 Name             Position                Current       Exercise      Per cent. 
                                           number        Price of      of issued 
                                           of Options    current       share 
                                           held          Options       capital 
                                                         (in pence 
                                                         per share) 
---------------  ----------------------  ------------  ------------  ----------- 
 
   John Cronin      Executive Chairman       558,101        33.6 
                                         ------------ 
                                            558,101                   0.44% 
 
   Simon Smith      NED                     596,304         33.6 
                                         ------------ 
                                            596,304                   0.47% 
 
   Harry Berry      COO                      735,174        33.6 
                                         ------------ 
                                            735,174                   0.58% 
 
 

The New Options shall vest as follows:-

1,415,270 shall vest on 2 October 2018

306,900 shall vest on 2 October 2019

197,083 shall vest on 2 October 2020

All EMI Options will lapse if unexercised after 10 years from the date of grant.

Following the above transaction the John Cronin, Harry Berry and Simon Smith interests' in ordinary shares in the Company remains unchanged.

Enquiries:

 
 CyanConnode Holdings plc          www.cyanconnode.com 
 John Cronin, Executive Chairman   Tel: +44 (0) 1223 
                                    225 060 
 finnCap Ltd 
  (NOMAD and Broker) 
 Adrian Hargrave / Giles Rolls     Tel: +44 (0) 20 
  (Corporate Finance)               7220 0500 
  Alice Lane (Corporate Broking) 
 Walbrook PR 
  (Investor Relations)               cyanconnode@walbrookpr.com 
 Paul Cornelius / Nick Rome        Tel: +44(0) 20 
                                    7933 8780 
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1.   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  -------------------------------------------------------------------- 
 a)   Name                             Simon Smith 
---  -------------------------------  ----------------------------------- 
 2.   Reason for the Notification 
---  -------------------------------------------------------------------- 
 a)   Position/status                  PDMR 
---  -------------------------------  ----------------------------------- 
 b)   Initial notification/Amendment    Initial notification 
---  -------------------------------  ----------------------------------- 
 3.   Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  -------------------------------------------------------------------- 
 a)   Name                             CyanConnode Holdings plc 
---  -------------------------------  ----------------------------------- 
 b)   LEI                              213800MDLW3GKKW5TT58 
---  -------------------------------  ----------------------------------- 
 4.   Details of the transaction(s): section to 
       be repeated for (i) each type of instrument; 
       (ii) each type of transaction; (iii) each 
       date; and (iv) each place where transactions 
       have been conducted 
---  -------------------------------------------------------------------- 
 a)   Description of                     Ordinary shares 
       the Financial                       of 2p 
       instrument, type 
       of instrument 
--- 
      Identification                   GB00B0P66Q02 
       code 
---  -------------------------------  ----------------------------------- 
 b)   Nature of the                      Cancellation of Options & 
       transaction                         Grant of Options 
---  -------------------------------  ----------------------------------- 
 c)   Price(s) and                      Cancellation of Options 
       volume(s)                        ------------------------------ 
                                         Exercise price(s)   Volume(s) 
                                          (pence) 
                                        ------------------  ---------- 
                                          60.00               210,032 
                                           84.00              130,746 
                                           50.00              255,526 
                                        ------------------  ---------- 
                                         Grant of Options 
                                        ------------------------------ 
                                         Exercise price(s)   Volume(s) 
                                          (pence) 
                                        ------------------  ---------- 
                                               33.6           596,304 
                                        ------------------  ---------- 
---  -------------------------------  ----------------------------------- 
 d)   Aggregated information: 
        *    Aggregated volume           As above 
 
 
        *    Price 
---  -------------------------------  ----------------------------------- 
 e)   Date of the transaction          17 November 2017 
---  -------------------------------  ----------------------------------- 
 f)   Place of the                     London Stock Exchange, AIM 
       transaction                      Market (XLON) 
---  -------------------------------  ----------------------------------- 
 
 
 1.   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  -------------------------------------------------------------------- 
 a)   Name                             John Cronin 
---  -------------------------------  ----------------------------------- 
 2.   Reason for the Notification 
---  -------------------------------------------------------------------- 
 a)   Position/status                  PDMR 
---  -------------------------------  ----------------------------------- 
 b)   Initial notification/Amendment    Initial notification 
---  -------------------------------  ----------------------------------- 
 3.   Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  -------------------------------------------------------------------- 
 a)   Name                             CyanConnode Holdings plc 
---  -------------------------------  ----------------------------------- 
 b)   LEI                              213800MDLW3GKKW5TT58 
---  -------------------------------  ----------------------------------- 
 4.   Details of the transaction(s): section to 
       be repeated for (i) each type of instrument; 
       (ii) each type of transaction; (iii) each 
       date; and (iv) each place where transactions 
       have been conducted 
---  -------------------------------------------------------------------- 
 a)   Description of                     Ordinary shares 
       the Financial                       of 2p 
       instrument, type 
       of instrument 
--- 
      Identification                   GB00B0P66Q02 
       code 
---  -------------------------------  ----------------------------------- 
 b)   Nature of the                      Cancellation of Options & 
       transaction                         Grant of Options 
---  -------------------------------  ----------------------------------- 
 c)   Price(s) and                      Cancellation of Options 
       volume(s)                        ------------------------------ 
                                         Exercise price(s)   Volume(s) 
                                          (pence) 
                                        ------------------  ---------- 
                                          60.00               382,804 
                                           84.00              175,297 
                                        ------------------  ---------- 
                                         Grant of Options 
                                        ------------------------------ 
                                         Exercise price(s)   Volume(s) 
                                          (pence) 
                                        ------------------  ---------- 
                                               33.6           558,101 
                                        ------------------  ---------- 
---  -------------------------------  ----------------------------------- 
 d)   Aggregated information: 
        *    Aggregated volume           As above 
 
 
        *    Price 
---  -------------------------------  ----------------------------------- 
 e)   Date of the transaction          17 November 2017 
---  -------------------------------  ----------------------------------- 
 f)   Place of the                     London Stock Exchange, AIM 
       transaction                      Market (XLON) 
---  -------------------------------  ----------------------------------- 
 
 
 1.   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  -------------------------------------------------------------------- 
 a)   Name                             Harry Berry 
---  -------------------------------  ----------------------------------- 
 2.   Reason for the Notification 
---  -------------------------------------------------------------------- 
 a)   Position/status                  PDMR 
---  -------------------------------  ----------------------------------- 
 b)   Initial notification/Amendment    Initial notification 
---  -------------------------------  ----------------------------------- 
 3.   Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  -------------------------------------------------------------------- 
 a)   Name                             CyanConnode Holdings plc 
---  -------------------------------  ----------------------------------- 
 b)   LEI                              213800MDLW3GKKW5TT58 
---  -------------------------------  ----------------------------------- 
 4.   Details of the transaction(s): section to 
       be repeated for (i) each type of instrument; 
       (ii) each type of transaction; (iii) each 
       date; and (iv) each place where transactions 
       have been conducted 
---  -------------------------------------------------------------------- 
 a)   Description of                     Ordinary shares 
       the Financial                       of 2p 
       instrument, type 
       of instrument 
--- 
      Identification                   GB00B0P66Q02 
       code 
---  -------------------------------  ----------------------------------- 
 b)   Nature of the                      Cancellation of Options & 
       transaction                         Grant of Options 
---  -------------------------------  ----------------------------------- 
 c)   Price(s) and                      Cancellation of Options 
       volume(s)                        ------------------------------ 
                                         Exercise price(s)   Volume(s) 
                                          (pence) 
                                        ------------------  ---------- 
                                               50.00          372,944 
                                               43.40          142,566 
                                               28.00           70,000 
                                               37.20          149,664 
                                        ------------------  ---------- 
                                         Grant of Options 
                                        ------------------------------ 
                                         Exercise price(s)   Volume(s) 
                                          (pence) 
                                        ------------------  ---------- 
                                               33.6          735,174 
                                        ------------------  ---------- 
---  -------------------------------  ----------------------------------- 
 d)   Aggregated information: 
        *    Aggregated volume           As above 
 
 
        *    Price 
---  -------------------------------  ----------------------------------- 
 e)   Date of the transaction          17 November 2017 
---  -------------------------------  ----------------------------------- 
 f)   Place of the                     London Stock Exchange, AIM 
       transaction                      Market (XLON) 
---  -------------------------------  ----------------------------------- 
 

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHBLBDBRGBBGRR

(END) Dow Jones Newswires

November 17, 2017 11:08 ET (16:08 GMT)

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